The Adani Group says the US Department of Justice itself has said that the indictment charges are "allegations" and that it “must be presumed innocent unless and until proven guilty.”
Net profit of Adani Enterprises jumped over sevenfold to ₹1,741 crore for the quarter ended September, up 663% compared with ₹228 crore in the year-ago period.
Quant Mutual Fund was the largest investor in Adani Enterprises’ QIP, buying 47% of the total issue size.
Despite the announcement, Adani Enterprises shares fell 1% to ₹3,037 from the previous day’s close of ₹3,067.1 on the NSE today.
Adani Power will acquire 100% shareholding in LAPL through an upfront cash payment, as part of LAPL’s Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
As part of the demerger, shareholders of Adani Enterprises will receive 251 shares of Adani Wilmar for every 500 shares they own.
The Gautam Adani-led conglomerate plans to invest $2 billion in Lien Chieu Port to create a complete logistics ecosystem in Da Nang, Vietnam.
Hindenburg report was designed to cause maximum damage and erode Adani Group's 'hard-earned' market value, says Gautam Adani
Several entities owned by promoters of the Adani group executed purchases to acquire additional stake.
Adani Defence & Aerospace and EDGE group will explore setting up R&D facilities in India, the UAE, and other global markets.
